Search
 

Zurich needs clear strategy to rebuild trust, Greco tells staff

New Zurich Insurance CEO Mario Greco tells staff the company needs a clear and simple strategy to rebuild investor confidence as it tries to turn around its struggling general insurance unit.

By Jan-Henrik Förster, Bloomberg | Updated on March 10, 2016
Mario Greco, previously CEO at Assicurazioni Generali SpA, took over in March, earlier than previously expected after Martin Senn stepped down in December. (Photo: Zurich)

(Bloomberg) — Zurich Insurance Group AG needs a clear and simple strategy to rebuild investor confidence as the company tries to turn around its struggling general insurance unit, the firm’s new Chief Executive Officer Mario Greco said.

“We need to rebuild the trust of the markets in our ability to reach our goals as soon as possible,” the Naples native told staff in a memo seen by Bloomberg. “To achieve that we need to carry out our plans in a disciplined manner and set the right priorities.”

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.

INCLUDED IN A DIGITAL MEMBERSHIP:

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Dig Deeper

Recommended Stories

PropertyCasualty360

Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2024 ALM Global, LLC. All Rights Reserved.